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Top Stories

Stocks crash as UK vote to quit EU shocks investors

Brexit, stocks crash, Britain

LONDON (AP) — Stock markets crashed, oil prices tumbled and the pound fell to a 31-year low on Friday as Britain’s unprecedented vote to leave the European Union shocked investors and dragged the region, the world’s largest economic bloc, into a new era of uncertainty. Investors rushed to dump European shares as soon as markets opened, following earlier drops in ...

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Judge: US agency lacks authority to set rules on fracking

CHEYENNE, Wyo. (AP) — A judge ruled Tuesday that federal regulators lack the authority to set rules for hydraulic fracturing, dealing another setback to the Obama administration’s efforts to tighten how fossil fuels are mined. U.S. District Judge Scott Skavdahl said the Bureau of Land Management can’t set the rules because Congress has not authorized it to do so. The ...

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Marathon Oil to pay $888 million for PayRock Energy

marathon oil

NEW YORK (AP) — Marathon Oil said Monday that it has agreed to pay $888 million for PayRock Energy Holdings, increasing the amount of oil producing land it owns in Oklahoma. PayRock has 61,000 net surface acres that produces 9,000 net barrels of oil equivalent per day, Marathon said. Houston-based Marathon is buying PayRock from oil and gas investment firm ...

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North Dakota’s savings dwindling due to tax collection drop

oil industry, north dakota, drilling rig

BISMARCK, N.D. (AP) — A North Dakota rainy-day fund that held more than $572 million in January is on the verge of being emptied due to lower-than-expected tax collections from depressed oil and farm commodity prices. “There are no ‘ifs,'” North Dakota Treasurer Kelly Schmidt said Friday. “We will drain it.” The Budget Stabilization Fund, established in 1987, was intended to stash ...

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Top 5 Marcellus Stories of the Week, June 11-17

marcellus top 5

Just in case you missed this week’s headlines, here’s a summary of what our Marcellus readers found most engaging this week: Technology is always at the forefront of oil and gas operations. Here’s one way to get around those carbon emissions regulations. What will the future hold? Scientists turn carbon dioxide into harmless stone 2. Those opposed to oil and ...

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